21 Commonwealth Road, Portland NSW 2847
21 Commonwealth Road, Portland NSW 2847
4-bedroom house on 2,020m² lot | 100% owner-occupied street | 216-day market for similar homes | buyer’s market with limited competition
The property’s strongest buying case lies in its rare combination of a large 2,020m² block on a street with zero renter turnover, indicating stable long-term ownership and low supply risk. For a buyer seeking land value over immediate dwelling condition, this house offers significant future subdivision or redevelopment optionality, particularly given Portland’s demographic balance with 27% under 20 and 27% over 60, suggesting family and downsizer demand. The 216-day average days on market for four-bedroom houses signals a patient buyer can negotiate below the $645,500 median, especially with no recent auction sales to set a floor.
The primary risk is the property’s condition uncertainty, as no floorplans or photos are available, and the lot size discrepancy between 1,011m² and 2,020m² requires immediate verification to avoid overpaying for land that may be smaller than advertised. The 2018 last sale date means no recent price anchor, and the 0% auction clearance rate for four-bedroom houses in Portland suggests weak competition, which is an opportunity for a below-median offer. Holding this property for land banking or eventual subdivision aligns with the street’s owner-occupied character and Lithgow council’s development potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Commonwealth Road, Portland NSW 2847
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Portland presents as an affordable regional enclave with a mature demographic profile, where demand is currently driven by local owner-occupiers, evidenced by high outright ownership. Recent price trends show strong annual capital growth, though the market is characterised by moderate liquidity and extended selling periods. Future growth is linked to its relative affordability, yet the market faces constraints from its limited sales volume and sensitivity to broader regional price adjustments.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
4
Land
2020m²
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